Inside Retail report on the recent release of iFAB2015
A key focus of the report is on the 23 emerging high-value categories, which now produce a total of $3 billion of exports per annum and have grown at 12 per cent a year over the past decade.
“New Zealand’s food and beverage sector is in the middle of an exciting period of growth,” says Joyce. “Goods with annual export figures between $100-$200 million include chocolate, UHT milk, biscuits, avocadoes, soft drink and beef jerky; between $200-$300 million include pet food and honey; mussels $312 million, and $455 million in infant formula.”
Honey exports have seen a compound annual growth rate of 24 per cent to reach $168 from 2004 to 2014. Infant formula has achieved growth of 45 per cent to $297 million over the same period. Fresh berry exports have increased by 17 per cent to $19 million, beef jerky by 14 per cent to $101 million, cider by 50 per cent to $14 million and sauces by 34 per cent to $16 million.
You might also like
- A quarter of NZ food and beverage firms are foreign-owned, value-add exports rising, report says
- New Zealand Food and Beverage Sector adding value to volume
- iFAB 2015 Investor’s Guide to the NZ F&B Industry release